California Gas Car Ban Wins Biden Blessing in Clash With Trump

BNN BloombergDec 18 10:00 ET

Hong Kong stocks movement | Autos shares rose across the board. The effects of the November auto trade-in policy continue to manifest, and Institutions say that this policy is expected to continue next year.

The auto stocks rose across the board. As of the time of writing, NIO-SW (09866) increased by 3.9%, trading at 3.64 HKD; Li Auto-W (02015) rose by 2.7%, trading at 87.55 HKD; LEAPMOTOR (09863) increased by 2.78%, trading at 29.6 HKD; Xpeng Motors-W (09868) rose by 3.01%, trading at 49.6 HKD.

Zhitong FinanceDec 17 20:42 ET

In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.

Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).

Zhitong FinanceDec 17 18:06 ET

US stock market movement | The company announced patents related to humanoid Siasun Robot&Automation which can enhance dynamic stability. Xpeng Motors (XPEV.US) rose over 4%.

On Tuesday, Xiaopeng Autos (XPEV.US) rose by more than 4%, reaching $12.93.

Zhitong FinanceDec 17 10:36 ET

Countdown to "Double New" subsidies: local governments and car companies are both making efforts as the end of the year approaches, and the car market enters the sprint phase.

According to data from the Ministry of Commerce, as of December 13, 2024, the "Double New" subsidy policy has driven Passenger Vehicle sales to exceed 5.2 million units, including over 2.51 million units from scrapped vehicles and over 2.72 million units from replacement vehicles. Meanwhile, many local governments have intensified efforts to implement policies to promote Consumer spending on Autos.

cls.cnDec 17 03:51 ET

In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.

① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?

cls.cnDec 17 03:47 ET